Trouble for Naveen Jindal in Coal Block allocation case

naveen-jindalA Delhi court has ordered the framing of charges in a coal block case involving the Jindal Group. Former parliamentarian and industrialist Naveen Jindal, former minister of state for coal Dasari Narayan Rao and 12 others were formally charged with corruption, cheating and criminal conspiracy in connection with irregularities in a coal block allocation.

Special judge Bharat Parashar ordered the charges while hearing a case related to the allocation of Jharkhand’s Amarkonda Murgadangal coal block to Jindal Steel and Gagan Sponge. Former Jharkhand chief minister Madhu Koda is also there in the list of the accused.

The probe agency said that there was sufficient evidence to frame charges against the accused in a case related to the allocation of Amarkonda Murgadangal coal block to Jindal Steel and Gagan Sponge.

However, Jindal, Rao, Koda and others have denied the allegations and sought discharge from the case.

The Central Bureau of Investigation in April last year filed a chargesheet against Jindal, Koda, Rao, former coal secretary H.C. Gupta with six other individuals.

The six others include New Delhi Exim director Suresh Singhal, Jindal Realty director Rajeev Jain, Gagan Sponge directors Girish Kumar Juneja and R.K. Saraf, Sowbhagya Media’s managing director K. Ramakrishna and chartered accountant Gyan Swaroop Garg.

Five private companies – four based in Delhi and one in Hyderabad – have also been named in the chargesheet.

The companies are Jindal Steel and Power Ltd., Gagan Sponge Iron Pvt. Ltd., Jindal Reality Pvt. Ltd., New Delhi Exim Pvt. Ltd. and Sowbhagya Media Ltd.